Hotel portfolio, 3 properties · Texas
SAVA Holdings IHG Portfolio
This portfolio is financed with a $32.8M CMBS loan at 5.01% that reaches maturity on September 6, 2027, in 10 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is late, less than 30 days.
The loan
- Balance in tracked trusts
- $32,819,380
- Original balance (same notes)
- $37,000,000
- Interest rate
- 5.01% fixed
- Originated
- August 31, 2017
- Maturity
- September 6, 2027
- Payments
- Interest only for 24 months, then amortizing
- Prepayment lockout ends
- June 5, 2027
- Master servicer
- Trimont LLC
- Originator
- Rialto Mortgage Finance, LLC
Status
- Payment status
- Late payment but less than 30 days delinquent (code B)
- Special servicing
- Transferred April 11, 2020, returned February 28, 2022
- Workout strategy
- Resolved
- Modified
- Yes, most recently August 6, 2020
- Defeasance
- None reported
The property
- Units, rooms or beds
- 429
- Value at securitization
- $64.9M
Performance
| At securitization | Latest (Dec 2025) | |
|---|---|---|
| DSCR (NOI) | 2.17x | 1.84x |
| Occupancy | 90% | 77% |
| Net operating income | $5.2M | $4.4M |
| Debt yield | 13.4% |
Debt yield here is the latest NOI divided by the balance held in the trusts below. If part of the loan sits outside them, the true figure is lower.
Watch flags
Computed from the Wells Fargo Commercial Mortgage Trust 2017-C40 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
- Coverage down 0.25x or more from securitization
- Occupancy down 10 points or more from securitization
- Matures within 12 months
- Modified
cmbs.news's own rule-based labels on the filed fields (definitions), not a credit rating, a prediction or a view of the borrower.
What the filing shows
- Occupancy has fallen from 90% when the loan was securitized to 77%.
- Net operating income is 15% below the underwritten figure ($4.4M a year against $5.2M).
- Debt service coverage moved from 2.17x at securitization to 1.84x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $32.8M | Late payment but less than 30 days delinquent | No | 1.84x | 77% |
| August 2026 | $32.9M | Late payment but less than 30 days delinquent | No | 1.84x | 77% |
| July 2026 | $32.9M | Late payment but less than 30 days delinquent | No | 1.84x | 77% |
| June 2026 | $33.0M | Late payment but less than 30 days delinquent | No | 1.84x | 77% |
| May 2026 | $33.1M | Late payment but less than 30 days delinquent | No | 1.84x | 77% |
| April 2026 | $33.1M | Late payment but less than 30 days delinquent | No | 1.84x | 77% |
| March 2026 | $33.2M | Late payment but less than 30 days delinquent | No | 1.63x | 75% |
| February 2026 | $33.2M | Late payment but less than 30 days delinquent | No | 1.63x | 75% |
| January 2026 | $33.3M | Late payment but less than 30 days delinquent | No | 1.63x | 75% |
| December 2025 | $33.3M | Current | No | 1.63x | 75% |
| November 2025 | $33.4M | Current | No | 1.59x | 75% |
| October 2025 | $33.4M | Current | No | 1.59x | 75% |
From each trust's ABS-EE filing for that month. Coverage and occupancy change only when the servicer reports new statements. If one trust holding a piece of the loan skipped a month, that month's balance reads low.
Special-servicing history
- Transferred to the special servicer April 11, 2020, returned to the master servicer February 28, 2022.
Transfer and return dates as reported in the filings of the past year; an earlier episode shows here only if a filing in that year still reports it.
Where the loan sits
One trust holds this loan in the data.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| Wells Fargo Commercial Mortgage Trust 2017-C40 | 4 | $32,819,380 | Sep 2026 | SEC filing, September 29, 2026 |
Other Texas loans due in 2027
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Market Street - The Woodlands | The Woodlands, TX | Retail | $175.0M | 4.085% | Jun 2027 | n/a | n/a | Current |
| Baybrook Lifestyle and Power Center | Friendswood, TX | Retail | $140.0M | 3.77% | Dec 2027 | 3.78x | 99% | Current |
| Ericsson North American HQ | Plano, TX | Office | $91.1M | 4.458% | Jan 2027 | 2.08x | 100% | Current |
| Marriott at Legacy Town Center | Plano, TX | Hotel | $69.7M | 4.21% | Nov 2027 | 3.59x | 61% | Current |
| Marriott Quorum | Dallas, TX | Hotel | $53.5M | 5.40% | Jul 2027 | 1.91x | 65% | Current |
| 8330 and 8360 LBJ Freeway | Dallas, TX | Office | $50.2M | 4.61% | Oct 2027 | n/a | n/a | Current |
| Preston Hollow | Dallas, TX | Mixed use | $48.3M | 4.74% | Aug 2027 | 1.79x | 96% | Current |
| Lyric Centre | Houston, TX | Office | $48.0M | 4.199% | Feb 2027 | 3.06x | 81% | Current |
Source: each trust's ABS-EE asset-data exhibit (Regulation AB Schedule AL) on SEC EDGAR, reporting period ending September 11, 2026. Servicers report these figures; cmbs.news does not audit them. How this page is built.